Koons' Pink Panther fetches £10.3m
Jeff Koons' iconic porcelain sculpture of a pink panther hugging a bare-breasted blonde has been sold for £10.3m at an auction in New York.
Sotheby's said Pink Panther had been expected to fetch between £12.2m and £18.4m.
There were three editions made of the work, and the one sold at Tuesday's auction is the artist's proof.
One was sold at Christie's in 1999 for £1.1m, reportedly to the newsprint magnate Peter Brant. The others are in the Museum of Modern Art and the Museum of Contemporary Art in Chicago.
Sotheby's did not disclose the seller's name.
Koons' Balloon Flower Magenta sold for £15.7m in 2008 at Christie's, setting a record for the artist.